10 signatures reached
To: ANU Council and Vice Chancellor Bell
ANU ZERO: Demand Zero Investment in Fossil Fuels
Our three demands of the ANU are these:
- Amend the Socially Responsible Investments Policy to allow ZERO investment in companies that are major producers of oil and gas, and coal, such as BHP and Woodside.
- Ensure that the ANU makes ZERO new investments that fail to comply with their own emissions reduction targets.
- Amend the Policy to allow ZERO investments in weapons of war.
Why is this important?
The ANU’s Socially Responsible Investments Policy, adopted after years of persistent student pressure, remains in shambles. The policy prohibits investment in companies that make 20% or more of their revenue from coal, but it says nothing about oil or gas. The policy prohibits investment in companies that make civilian weapons like handguns, but not companies which make military weapons which are many times more destructive.
Recently, we found that the ANU was investing over $35 million in projects that break their own emissions rules. Also, ANU’s most recent documents show a $32.7 million investment in BHP, one of Australia’s biggest producers of thermal and metallurgical coal. They also show a $6.7 million dollar investment in Australia’s biggest oil and gas producer, Woodside Energy. We say all of those numbers should be ZERO.
We need to sign this petition to signify to the university bosses that we're still not satisfied with their investment decisions.